Seven most anticipated IPOs this week

Highlights

  • There have been more than 560 listings year to date.

  • The third quarter alone has seen around 147 listings on NASDAQ.

  • IPOs attract investors who want to capitalize on the prospect of the stock price rising after the initial public offer.

There have been more than 560 listings, including IPOs, SPACs, and direct listings, raising billions year-to-date. The IPOs attract many investors who want to capitalize on the prospect of the stock price rising after the initial public offer. And this year was no different.

China has recently emerged as the leading global IPO market, closely followed by the US. In the third quarter of 2021, NASDAQ alone saw 147 listings.

Here we discuss seven IPOs that are expected to launch this week.

Informatica Inc. (NYSE: INFA)

Expected date – Oct 27

Price range – 29.00 – 32.00

Shares offered – 29,000,000

Informatica Inc. is a software company based in Redwood City, California. It had 5249 employees as of June 30, 2021. It has additional 4,350,000 shares for underwriters to purchase on option if over allotted. The company provides an AI-powered Intelligent Data Management Cloud (IDMC) platform. 

Informatica has over 5,000 active customers and conducts more than 22 trillion cloud transactions every month. Its platform enables the customer enterprises to create a 360-degree customer experience and automate data operations in financial planning, operations, supply chain management, etc. It offers its services to education, financial, energy, utilities, healthcare, life sciences, manufacturing sectors, and the government. Informatica was founded in 1993.

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IPOs to watch this week: Informatica Inc. (NYSE: INFA), Rent the Runway Inc. (NASDAQ Global Select: RENT)

Source – Pixabay

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Rent the Runway Inc. (NASDAQ Global Select: RENT)

Expected date – Oct 27

Price range – 18.00 – 21.00

Shares offered – 15,000,000

Rent the Runway, Inc. offers “Closet in the Cloud” for women. Customers can rent, wear, return or keep designer wear from a collection of more than 18,000 styles and over 750 brands.

The company gives subscription-based access to customers for its offerings. The Closet in the Cloud consists of items for different occasions and styles ranging from accessories, denim, casual, workwear, maternity, jewelry, handbags, ski wear, kids wear, home goods, etc. Rent the Runway serves over 2.5 million lifetime customers. It was founded in 2009 and had 974 employees as of July 31, 2021.

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Arteries Inc. (NASDAQ Global: AIP)

Expected date – Oct 27

Price range – 14.00 – 16.00

Shares offered – 5,000,000

Arteris inc. provides "interconnect semiconductor" intellectual property (IP) and IP deployment technology as network-on-chip (NoC) communications. It aims to accelerate system-on-chip (SoC) semiconductor development and integration for mobile phones, IoT, automobiles, and servers. Its customers include Baidu, Samsung, Toshiba, etc. In addition, AIP claims that its products help SoCs to process complex data for customers.

The company is based in Silicon Valley, California, and was founded in 2003. According to its filing with the SEC, the company had 211 employees as of June 30, 2021. It also has 750,000 additional shares for underwriters in case of overallotment.

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Global Foundries Inc (NASDAQ: GFS)

Expected date – Oct 28

Price range – 42.00 – 47.00

Shares offered – 55,000,000

Global Foundries Inc is a semiconductor foundry that provides semiconductor manufacturing services. The company manufactures complex integrated circuits required almost in every sector. It specializes in manufacturing processes and has a library of thousands of block designs.

It provides optimized solutions for the function, power requirements and performance of critical applications through differentiated foundry solutions. The New York-based company had 15,000 employees as of December 31, 2021. It has additional 8,250,000 shares to offer to underwriters on options.

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Fluence Energy Inc. (NASDAQ Global: FLNC)

Expected date – Oct 28

Price range – 21.00 – 24.00

Shares offered – 31,000,000

Fluence Energy, Inc. provides energy storage technology. It aims to make clean energy transition easy through its storage products and digital applications. The company also offers an AI-enabled Fluence IQ Platform to optimize third party storage assets. The products come with integrated hardware, software, and digital intelligence. The company also provides delivery services and operational services. Utility customers, commercial and industrial customers, may benefit from FLNC’s products to maximize the performance of single or entire portfolios of clean energy assets.  

It had 379 employees as of May 31, 2021. The Arlington, Virginia-based Fluence has an additional 4,650,000 shares for the underwriters in case of overallotment.

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Ensemble Health Partners Inc. (NASDAQ Global Select: ENSB)

Expected date – Oct 28

Price range – 19.00 – 22.00

Shares offered – 29,500,000

The Cincinnati, Ohio-based Ensemble Health Partners Inc provides technology-enabled revenue cycle management (RCM) solutions. These solutions are for the healthcare system, including hospitals and other physician groups. Its RCM platform is meant to deliver financial performance improvement for its clients by improving the overall patient experience. The Ensemble IQ (EIQ) is its cloud-based technology platform for Data Ingestion, Workflow Automation, and Business Intelligence. 

Founded in 2014, the company reported having 6597 employees as of June 30, 2021. The company has additional 4,425,000 shares for underwriters to purchase on option in case of overallotment.

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Top IPOs to watch this week: Informatica Inc. (NYSE: INFA), Rent the Runway Inc. (NASDAQ Global Select: RENT)

Source – Pixabay

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Candela Medical Inc. (NASDAQ Global Select: CDLA

Expected date – Oct 28

Price range – 16.00 – 18.00

Shares offered – 14,705,882

Candela Medical, Inc. is based in Marlborough, Massachusetts. It provides medical device solutions. The company manufactures measuring, navigational, electromedical and control instruments. It also makes instruments for plastic surgeons, dermatologists, and other medical aesthetics purposes. It has kept an additional 2,205,882 shares for underwriters. Candela had 860 employees at the end of December 31, 2020. The company was founded in 2010.

 

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Bottomline


IPOs are launched by companies that want to go public. Given this significant lineup of IPOs this week, investors will have the option to select from a broad group of companies and invest. However, most investors might not have all the past information about them as they are new to the stock market. Hence, they should exercise due diligence before investing in stocks. 

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